US 500 rises on Friday

The market moved up Friday, and S&P 500 ended at 5128 points, which is an increase of 1.3 percent. The week as a whole showed a gain of 0.5 percent.

374 shares showed a gain and 121 showed a loss. 2 shares were unchanged and closed at the same price as the previous day. There was no trading in 1 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 308.0 billion.

Apple rose sharply to close at 183 $, up 6.0 percent. We must go back to Nov 10. 2022 to find an equally strong rise. That time the stock gained 8.9 percent. Technically it also looks good. The stock is trend wise negative in the medium term, but has broken up through resistance at 181 $.
Amgen closed at 311 $ after posting a gain of 11.8 percent. The stock has never gained more in one day since Jul 8. 2009, when it was up 13.9 percent. The volume was also high. At session end it was bought and sold shares for about 3002 million $ in the stock, which equals four times mean daily turnover. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Procter & Gamble developed positively, and gained 0.4 percent to a close of 164 $. The stock thereby broke the previous record from Jan 2022 and set a new all time high. The stock has now risen for the fifth day in a row. It also looks good technically. The stock is trend wise positive in the medium term, has broken up through resistance at 163 $ and a further increase is indicated.
Expedia closed at 115 $ after a steep drop of 15.3 percent. The stock has never lost more in one day since Feb 9, when it was down 17.8 percent. The stock triggered a sell signal by the break down through the support at 127 $ in rectangle formation. A further drop to 119 $ within three months is indicated. It was also high volume. Overall it was traded for 1610 millions $ in the stock, which is seven times as much as normal daily turnover.
Starbucks closed down 2.4 percent to 73.11 $. We must go back to Jun 2022 to find a lower close for the stock. This past week the stock has lost as much as 17.2 percent. It does not look good technically either. The stock is trend wise negative in the medium term, has resistance at 92.00 $ and a further decline is indicated.

Winners Friday

Amgen11.82%
Enphase Energy7.67%
Live Nation Entertainment7.24%
First Solar6.12%
Apple5.98%

Losers Friday

Expedia-15.25%
Fortinet-9.69%
Paramount Global B-7.00%
Trimble-6.92%
Ingersoll Rand-6.60%

Most traded Friday

NVIDIA35368.27
Apple29932.04
Tesla13678.31
Meta Platforms A7452.39
Advanced Micro Devices7433.78
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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